Abuja Electricity Distribution Company (AED Plc)
Abuja Electricity Distribution Company (AED Plc) is one of the most attractive newly privatised power assets in Nigeria with distribution operations covering the Federal Capital Territory, Niger State, Kogi State and Nassarawa State.
The company provides electricity to a coveted number and mix of customers. Its strategic transformation plan and favourable customer demographics are the foundation for improving service delivery to households, businesses and institutions in its territory; as well as sustainable revenue growth, expanding profit margins and strong cash flows to deliver attractive returns to its investors. This transaction positions AED Plc for a successful meter rollout to its Small Power User (SPU) customers who represent the majority of AED Plc’s customer base.
The Meron Consortium
The Meron Consortium (Meron) have supplied over 8.5 million meters with significant delivery focus in the emerging markets of Nigeria, Zambia, Ethopia, Uganda, Indonesia, Philippines, Nepal, Bangladesh, Malaysia and Vietnam. Their credibility, experience, technical and financial capability in mass metering projects in Nigeria and other emerging markets position Meron as one of the key drivers of the Nigerian Power Sector’s path to recovery and sustainable viability.
PwC acted as Transaction Adviser
Download the Transaction Tombstone below.
Senior Manager/Head Marketing & Communication, PwC Nigeria
Tel: +234 1 271 1700